企業のESGパフォーマンスが法人税回避に与える影響
The Impact of Corporate ESG Performance on Corporate Tax Avoidance (原題)
Zixi Xu
🤖 gxceed AI 要約
日本語
本論文は、ESGパフォーマンスが高い企業ほど税回避行動が抑制されることを実証。そのメカニズムとして、ESGが資金調達制約を緩和し、税回避への依存を弱めることを示す。非国有企業、内部統制の質が高い企業、アナリスト注目度が高い企業で効果が顕著。ESGガバナンスの経済的帰結と税回避抑制への政策的含意を提供。
English
This study empirically shows that firms with better ESG performance engage in significantly less tax avoidance. The mechanism is that strong ESG performance eases financing constraints, reducing the need for tax avoidance. The effect is stronger in non-state-owned firms, those with high-quality internal controls, and those with greater analyst attention. Findings enrich the literature on ESG consequences and support ESG governance as a tool to curb aggressive tax avoidance.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本では、SSBJ開示やスチュワードシップコードの進展によりESG情報の重要性が高まっている。本論文は、ESG投資が企業の税務行動に与える影響を示し、投資家や政策立案者にとってESG評価の経済的含意を理解する上で有用。
In the global GX context
Globally, as ESG disclosure frameworks like ISSB and CSRD expand, understanding the real economic effects of ESG performance is crucial. This paper provides evidence that ESG performance can influence corporate tax behavior, adding to the debate on ESG's role in corporate governance and tax policy.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the link between ESG and tax avoidance, useful for further research on ESG consequences.
🏢実務担当者:Highlights potential benefits of strong ESG performance beyond reputation, such as reduced tax risk and better financing conditions.
🏛政策担当者:Suggests that promoting ESG governance could help curb aggressive tax avoidance, informing tax policy and ESG regulation.
📄 Abstract（原文）
ESG performance has increasingly become an important means for firms to reconcile short-term financial objectives with long-term sustainable development. Nevertheless, the informational role and economic consequences of ESG performance have not yet been sufficiently examined in existing theoretical research. This study finds that firms with better ESG performance are associated with significantly lower levels of tax avoidance. Further mechanism analysis shows that strong ESG performance helps ease firms’ financing constraints, thereby weakening the incentive to rely on tax avoidance for capital accumulation. Additional heterogeneity analyses indicate that this inhibitory effect is more evident in non-state-owned enterprises, firms with higher-quality internal controls, and firms receiving greater analyst attention. The findings enrich the literature on the economic consequences of ESG performance and provide empirical support for promoting corporate ESG governance as a means of restraining aggressive tax avoidance behavior.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://journals.zeuspress.org/index.php/ESG/article/download/948/844first seen 2026-09-01 05:43:46
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